Orion Plan definition

Orion Plan means an asset divestiture plan with respect to MEGTEC and Universal, which plan will include a detailed description of the analysis performed by the CIO to determine the process and timing to effectuate such sale and a detailed rationale for such decisions.
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Examples of Orion Plan in a sentence

  • Since money received sooner is worth more than money received later, the worst case under the Debtor’s Plan is that creditors will receive dividends of a value at least equal to the best case under the Orion Plan.

  • The Debtor’s objection to the confirmation of the Orion Plan based upon Orion’s purchase of third party claims does not establish a lack of good faith in connection with the formulation or purpose of the Orion Plan.

  • No unsecured creditor who is not involved in the competing plan objected.The third prong of the Debtor’s attack on feasibility is based upon the allegation that the reorganized debtor under the Orion Plan will have insufficient working capital to pay its ordinary and necessary operating expenses.

  • If Orion were to be successful in recharacterizing or subordinating the Elizabeth Asch claims, and the Debtor had the worst possible result in resolving the disputed unsecured claims under its plan, the Orion Plan would pay a 75% dividend while the Debtor’s Plan would pay a 68% dividend.

  • The disclosure statement details how the Orion Plan would be consummated.

  • However, theCourt does not find that the debenture provisions of the Orion Plan constitutes a scheme to evade state laws or regulations on the sale of health club memberships.

  • At worst, the payments to unsecured creditors under the Debtor’s Plan will be slightly less than under the Orion Plan, but will be paid much 8 Under the Debtor’s Plan payment of the M.C. Sheppard claim was to be made in a manner which did not dilute or affect the estimated payments to general unsecured creditors.

  • The Court finds that Orion received sufficient votes after circulation ofthe Court approved disclosure statement to proceed with confirmation of the Orion Plan.

  • For the reasons set forth in this opinion the Court finds that both the Orion Plan and the Debtor’s Plan meet the requirements of the Bankruptcy Code for confirmation and that under section 1129(c) of the Bankruptcy Code the Debtor’s Plan shall be confirmed.

  • The first prong involves Orion’s alleged failure to present sufficient evidence that it had received commitments to purchase all of the debentures in order to provide the necessary monies to fund theinitial distributions under the Orion Plan ($200,000.00) and a portion of the initial working capital for the reorganized debtor ($100,000.00).

Related to Orion Plan

  • Action Plan means an action plan as defined in the AEP Regulations in relation to the Premises;]

  • Parent Plan means an Employee Benefit Plan sponsored, maintained, or contributed to by Parent or its Affiliates or with respect to which Parent or its Affiliates have any liability.

  • Separation Plan means the Company’s Separation Plan Amended and Restated Effective August 13, 2006, as may be amended from time to time or any successor plan, program, arrangement or agreement thereto.

  • Transition Plan means a transition plan, acceptable to the LHIN that indicates how the needs of the HSP’s clients will be met following the termination of this Agreement and how the transition of the clients to new service providers will be effected in a timely manner; and

  • Compensation Plan means any program, plan or similar arrangement (other than employment contracts for a single individual) relating generally to compensation, pension, employment or similar arrangements with respect to which any Company, any Affiliate of any Company or any ERISA Affiliate of any of them has any obligation or liability, contingent or otherwise, under any Requirement of Law other than that of the United States.

  • BCDR Plan means the plan consisting of general business continuity and disaster recovery principles, the Business Continuity Plan and Disaster Recovery Plan as further described in paragraph 1.2 of Schedule 2- 14.

  • Company 401(k) Plan shall have the meaning set forth in Section 6.09(e).

  • Option Plan has the meaning ascribed to it in section "4.7" hereinbelow;

  • EHC plan means an Education, Health and Care plan made under sections 37(2) of the Children and Families Act 2014.

  • Stock Plan means any stock incentive, stock option, stock ownership or employee benefits plan of the General Partner.

  • Equity Plan means any stock or equity purchase plan, restricted stock or equity plan or other similar equity compensation plan now or hereafter adopted by the Company or the Corporation.

  • Implementation Plan means the schedule included in the Statement of Work setting forth the sequence of events for the performance of Services under the Statement of Work, including the Milestones and Milestone Dates.

  • Parent 401(k) Plan has the meaning set forth in Section 6.6(e).

  • Exit Plan means the exit management plan developed by the Contractor and approved by the Authority in accordance with Clause 44 (Exit Management).

  • Restoration Plan means all technical and organisational measures necessary for the restoration of the system back to normal state;

  • Flexi Plan means any individual indemnity hospital insurance plan under the VHIS framework with enhancement(s) to any or all of the protections or terms and benefits that the Standard Plan provides to the Policy Holder and the Insured Person, subject to certification by the Government. Such plan shall not contain terms and benefits which are less favourable than those in the Standard Plan, save for the exception as may be approved by the Government from time to time.

  • resolution plan means a plan proposed by resolution applicant for insolvency resolution of the corporate debtor as a going concern in accordance with Part II;

  • Company Incentive Plan shall have the meaning assigned to it in Section 1.7 hereof.

  • Mitigation plan means a proposal that includes the process or means to achieve carbon dioxide mitigation through use of mitigation projects or carbon credits.

  • International Plan means any Employee Plan that is not a US Plan.

  • RBC plan means a comprehensive financial plan containing the elements specified in K.S.A. 40-2c06, and amendments thereto. If the commissioner rejects the RBC plan, and it is revised by the insurer, with or without the commissioner's recommendation, the plan shall be called the "revised RBC plan."

  • Business Benefit Plan means each Benefit Plan that is contributed to, sponsored, maintained or entered into by Seller or a Retained Subsidiary, a Purchased Subsidiary or any Affiliate of any of them for the benefit of any Business Employee.

  • Incentive Plan means any plan providing compensation that depends on achieving certain performance goals or similar conditions within a specified period;

  • Basin plan means the same as “water quality control plan” as defined in Division 7 (commencing with Section 13000) of the Water Code. Basin Plans are adopted by each Regional Water Board, approved by the State Water Board and the Office of Administrative Law, and identify surface water and groundwater bodies within each Region’s boundaries and establish, for each, its respective beneficial uses and water quality objectives. Copies are available from the Regional Water Boards, electronically at each Regional Water Boards website, or at the State Water Board’s Plans and Policies web page (http://www.waterboards.ca.gov/plans_policies/).

  • HACCP plan means a written document that delineates the formal procedures for following the hazard analysis and critical control point principles developed by the National Advisory Committee on Microbiological Criteria for Foods.

  • Supplemental Plan means a written plan for a child outlining the agency's plan to locate a permanent placement for the child and which may be developed concurrently with the case plan.